Common use of Revolving Facility Credit Exposure Clause in Contracts

Revolving Facility Credit Exposure. Except as otherwise provided in Section 2.17, the Borrowers shall immediately prepay the Loans at any time when the Revolving Facility Credit Exposure exceeds the lesser of (A) the total Revolving Facility Commitments and (B) the Borrowing Base, to the full extent of any such excess. If at any time after the Borrowers have complied with the first sentence of this Section 2.05(b), the aggregate L/C Obligations are greater than the then current Borrowing Base, the Borrowers shall provide Cash Collateral in respect of such excess to the Administrative Agent, which Cash Collateral shall be deposited in a bank account subject to a Cash Management Agreement in favor of the Collateral Agent and, provided that no Default or Event of Default shall have occurred and be continuing, returned to the Borrowers at such time as the aggregate L/C Obligations plus the aggregate principal amount of all outstanding Loans no longer exceeds the then current Borrowing Base (as updated by the weekly reports to the Borrowing Base Certificate described in Section 6.01(j), when applicable) as determined by the Administrative Agent.